Homework Help is Here – Start Your Trial Now!
Business
Operations Management
A check processing center uses exponential smoothing to forecast the number of incoming chewcks each moth. the number of checks received in june was 40 million while the forecast was 42 mil. A smoothing constabt of 0,15 is used.  a)Using exponential smoothing and given a the forecast for the month of july=41.7 million checks received b) If the check-processing center received 46 million checks in the month of July then using exponential smoothing and given a the forecast for the month of august= [__] million checks recieved

A check processing center uses exponential smoothing to forecast the number of incoming chewcks each moth. the number of checks received in june was 40 million while the forecast was 42 mil. A smoothing constabt of 0,15 is used.  a)Using exponential smoothing and given a the forecast for the month of july=41.7 million checks received b) If the check-processing center received 46 million checks in the month of July then using exponential smoothing and given a the forecast for the month of august= [__] million checks recieved

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
See similar textbooks
icon
Related questions
Question

A check processing center uses exponential smoothing to forecast the number of incoming chewcks each moth. the number of checks received in june was 40 million while the forecast was 42 mil. A smoothing constabt of 0,15 is used. 

a)Using exponential smoothing and given a the forecast for the month of july=41.7 million checks received

b) If the check-processing center received 46 million checks in the month of July then using exponential smoothing and given a the forecast for the month of august= [__] million checks recieved

Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Forecasting methods
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.
SEE MORE TEXTBOOKS